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(Bloomberg) -- Uganda’s central bank has issued its first Islamic banking license since the country passed legislation to accommodate Shariah-compliant finance activities in June.Most Read from BloombergEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsBoss of Failed Crypto Exchange Gets 11,000-Year SentenceCalifornia Shows an Electric-Car Uprising Headed for the USUS Probes Made-in-China Chip as Tensions Flare Over TechnologyEx-Google CEO Eric Schmidt Scraps $67.6 Million P

Bank of Uganda cut rates by 0.5 per cent Tuesday, the first adjustment since October 2022, responding to recent economic indicators highlighting the risk of a slowdown in GDP growth. You can read the full statement here

Bank of Uganda

Uganda's central bank on Tuesday lowered its key lending rate to 9.5% from 10.0%, as inflation has fallen sharply since the start of the year.... -Today at 06:55 am- MarketScreener

The bank on June 13 maintained the Central Bank Rate, which influences household and business borrowing costs in the economy.